WHITE PLAINS—Governor Eliot Spitzer today announced
that the New York Power Authority (NYPA) trustees had elected Roger
B. Kelley President and Chief Executive Officer, to replace Timothy
S. Carey, who is retiring.

“I’m delighted by this selection,” Governor Spitzer
said. “I recommended that the board consider Roger Kelley because
of his extensive and impressive accomplishments in the electric
utility industry.”

Kelley, who lives in East Amherst near Buffalo, has
been Senior Vice President and Chief Technical Officer for Fortistar
for the past decade. In this position he oversees technical and
operational matters for Fortistar power plants and assets,
acquisition activities and development activities for power plant
projects.

He is a graduate of Northeastern University in
Boston and took graduate courses at C.W. Post College on Long
Island. He began his professional career with the New York State
Electric and Gas Corp. He also worked for Empire Energy Corp.;
Commercial Union Energy Corp.; and LS Power Corporation before
joining Fortistar in 1992 as a vice president and general manager.

Kelley is a Registered Professional Engineer in New
York State and holds a membership in the Institute of Electrical and
Electronic Engineers. He is a board member and past chairman of the
Independent Power Producers of New York and he has written
extensively on electric energy matters.

Frank S. McCullough, Jr., Chairman of the Power
Authority, said the trustees were glad to be able to turn to such a
qualified individual to take on the heavy burdens of President and
CEO.

“The Power Authority has an outstanding 76-year
history of service to the people of New York State,” said
McCullough. “We operate 18 power plants, 1,400 miles of
transmission lines and provide about a quarter of all electricity
used in the state. We are industry leaders in clean, renewable
energy and we actively promote energy efficiency measures from one
end of the state to the other. Running this organization is a big
job and I’m happy to say we found the right man in Roger Kelley to
take it on.”

Kelley will join the Power Authority on June 25 as
President-elect and will take on his full duties when Carey retires
June 30.

Governor Spitzer congratulated Carey on his
retirement and noted his many years of public service. Carey began
his public service in 1984 as a member of the Westchester County
Board of Legislators and later served in several State-level
positions, including President and CEO of the Battery Park City
Authority. In January 2006 he was selected as President and CEO of
the Power Authority, after serving as NYPA’s chief operating officer
and previously as a trustee.

■ NYPA uses no tax money or
state credit. It finances its operations through the sale of
bonds and revenues earned in large part through sales of
electricity. ■ NYPA is a leader in promoting
energy-efficiency, new energy technologies and electric
transportation initiatives. ■ It is the
nation’s largest state-owned electric utility, with 18 generating
facilities in various parts of the state and more than 1,400
circuit-miles of transmission lines.